Money expert Martin Lewis has shared a 'no brainer' energy deal that could save you over £50 a year on bills.
During the final Martin Lewis Money Show of the year, the Money Saving Expert (MSE) website founder revealed that shared that E.ON Next had made a significant change to one of its tariffs, which could potentially save customers money over the next year. In the episode, which aired on ITV on Tuesday night (December 12), he said: "I've been waiting a couple of years to say this.
"Finally, there are some switchable energy deals that will save you money. Not huge, but it's better than now. So this is the big news that has changed this week.
READ MORE: Martin Lewis fan saves £65 a year on energy bills with simple boiler tip
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"It isn't the greatest saving in the world, but at last, I'm able to say that is an easy deal. Many people can get to save money on energy as it's 3% cheaper than the price cap and it's the E.on Next Pledge tariff."
Martin explained that the E.on Next Pledge tariff is a variable one that follows Ofgem's price cap. He said: "So for somebody on typical use, it's roughly £50 a year savings. But the bigger user you are the more you get the benefit because it's a discount on the unit rate."
However, he warned that this deal is only available to dual-fuel and electricity-only customers who pay by direct debit and agree to get a smart meter. Martin added: "It does have early exit penalties if you leave within a year but £25 for duel-fuel fuel is not much compared to everything else.
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"So if you're the type of person staying on the price cap and you're happy to go to E.on Next this is quite simply a 3% saving over the next year. This is a no brainer you may as well just go with the cheaper one."
The news comes after Martin Lewis shared some savvy hacks to help struggling Brits save on their energy bills. He explained that claimed there's a setting on your boiler which could help you save £65 a year on your finances.
The "flow temperature" of the combi boiler is often set between 70C and 80C. You should be able to lower yours to 60C which could potentially knock some quids off yours bills.
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